SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


Previous 10 Next 10 
To: Oblivious who wrote (114208)11/17/2018 8:08:14 AM
From: GROUND ZERO™
   of 147530
 
Yes, we're home safely this morning, so now these markets can rally...

Looks like I'm batting 1.000, EVERY time we go away these markets crash... amazing!!!

GZ

Share RecommendKeepReplyMark as Last Read


From: ChartMan2211/17/2018 8:32:50 AM
   of 147530
 
GZ, you just missed out one week's agony from the market uncertainties. It looks that the situation soon may change with your return.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: GoodGord who wrote (114102)11/17/2018 9:03:18 AM
From: GROUND ZERO™
   of 147530
 
Believe it or not, I actually took a very light short on the Friday morning before we left BUT it was such a light short that it almost yielded nothing... it made a few hundred bucks but that was the idea, although I never anticipated such a dramatic drop in these markets, so even the very small short position made enough to make it worth while...

And then on Thursday morning, I covered and took regular long positions... yesterday was a good day to be long and I'm still holding these longs, I'm still holding a small loss with the SOXX, but I figure this was just the typical two week post midterm election adjustment period and we should now resume the rally...

Besides, now that we're back home I figure these markets should again move higher...

(gulp)...

GZ

Share RecommendKeepReplyMark as Last Read


To: ChartMan22 who wrote (114086)11/17/2018 9:04:50 AM
From: GROUND ZERO™
   of 147530
 
I think the important gaps were fill this past Thursday near the lows of the day... but, we'll see...

GZ

Share RecommendKeepReplyMark as Last Read


To: GROUND ZERO™ who wrote (114212)11/17/2018 9:13:53 AM
From: kimberley
   of 147530
 
Welcome back!! Nah, just business as usual, lol

k

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: kimberley who wrote (114218)11/17/2018 9:22:40 AM
From: GROUND ZERO™
   of 147530
 
LOL!!! Thanks, yep, business as usual...<g>

BTW, I did get my AAPL but I got it at a better price since I saw the markets drop so I cancelled my GTC at 192.00 and bought at the market at 189.33, a much better entry... I may regret it on Monday, but I think I'll be okay...

(gulp)...

GZ

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: GROUND ZERO™ who wrote (114219)11/17/2018 9:24:30 AM
From: kimberley
   of 147530
 
Lol, we were thinking about you as it dropped! It' looks to have recovered, for now anyway! I know you will be ok...if the weakness returns you will see it and change course, I have no doubt!

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: kimberley who wrote (114220)11/17/2018 10:06:39 AM
From: GROUND ZERO™
1 Recommendation   of 147530
 
Thanks, yes, I hope so... I think the broader trend is still higher, too many people are fully expecting a major top, so I don't think we're there yet... we could see new all time highs before year's end, it's certainly very possible provided the FED comes to its senses... but, we'll see...

I also think the selling is done... I also picked up some JPM at a low price this past week, that one looks ready to run...

GZ

Share RecommendKeepReplyMark as Last Read


From: Old Boothby11/17/2018 12:20:18 PM
2 Recommendations   of 147530
 
Over the past decade, I have observed a significant increase in the number of SPX GAP UP events as compared to earlier periods. There are a few competing theories regarding why GAP UPs have increased.

One theory is obvious, and I won't go there in this post. Another theory is that with the growth of international electronic access to markets, overseas buyers in Asia, Europe, Australia, and elsewhere are engaging in an increasing volume of overnight trading in U.S. markets, and they are increasingly bidding up prices overnight. The natural conclusion of that concept is that it has led to an increase in demand-driven GAP UPs when U.S. markets open the following mornings. Of course, algos perpetuate and amplify the events.

Regardless of the specific causality, there has been a significant increase in GAP UPs over the past decade, and the sudden change appears to coincide with the so-called "financial crisis" of 2007. A notable exception is the total absence of GAP UPs in 2012.



The daily occurrences of filled and open GAP UPs in SPX from Jan 2, 1980 through the close on Nov 16, 2018 are plotted in the x-y line chart below. The y-axis is logarithmic.


The maximum GAP UP percentages for a single day are plotted, by year, in the bar chart below:



Incidentally, the underlying data used to create the metrics in this post were acquired from the daily O-H-L-C historical SPX data that are archived in Yahoo's finance portal. [1]

Interesting times! -g-

1. finance.yahoo.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ChartMan22 who wrote (114215)11/17/2018 3:03:32 PM
From: GROUND ZERO™
   of 147530
 
Thanks, but actually, I didn't miss it, I was watching the action while in Aruba sipping a frozen Margarita...<g>

GZ

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10